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Fu Yu's Largest Shareholder Calls for EGM Amidst Company's Poor Performance

Fu Yu's Largest Shareholder Calls for EGM Amidst Company's Poor Performance

富裕集團最大股東在公司業績不佳之際呼籲召開臨時股東大會
Singapore Business Review ·  01/10 12:38

He also wants two directors fired.

他還想解僱兩名導演。

Fu Yu Corporation Limited's largest shareholder Victor Lim wrote to the company's board to ask for an extraordinary general meeting to remove from office two of four directors and to appoint three new ones amidst his concern over the company's poor performance.

富裕集團有限公司的最大股東維克托·林(Victor Lim)致函公司董事會,要求召開特別股東大會,將四名董事中的兩名免職,並任命三名新董事,因爲他擔心公司表現不佳。

Lim, who owns 29.45% of the total paid-up shares of the company, said in his letter that he wants to convey a meeting to remove Christopher Huang Junli, and Royston Tan Tong Loong as directors.

擁有該公司已繳股份總額29.45%的林在信中表示,他想傳達一次會議,罷免克里斯托弗·黃俊利和羅伊斯頓·陳東龍的董事職務。

In addition, Lim also wants to establish Gilbert L. Rodrigues, Ralf Pilarczyk, and Yang Zhenrong as independent non-executive directors.

此外,林還希望任命吉爾伯特·羅德里格斯、拉爾夫·皮拉爾奇克和楊振榮爲獨立非執行董事。

Lim outlines that since Huang and Lim have been elected to the board, he said substantial shareholder value has been erased. He also said that the share price of the company has steadily dropped from $0.33 per share in 2021 to $0.13 to date. The company's net profit has also dropped from $17.58m in 2021 to $10.11m in 2023.

林概述說,自從黃和林當選董事會成員以來,他說大量股東價值已經被抹去。他還表示,該公司的股價已從2021年的每股0.33美元穩步下降至迄今爲止的0.13美元。該公司的凈利潤也從2021年的1758萬美元下降到2023年的1011萬美元。

Fu Yu's board has acknowledged the receipt of the letter and will convene the EGM in due course.

傅宇董事會已確認收到這封信,並將在適當的時候召集臨時大會。

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